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2016-10-07 11:05:04

COTY

Coty

$24.01

-0.75 (-3.03%)

11:05

10/07/16

10/07

11:05

10/07/16

11:05

Coty call volume above normal and directionally bullish

Bullish option flow detected in Coty with 16,622 calls trading, 1.0x expected, and implied vol increasing almost 3 points to 38.98%. 10/7 weekly 25 calls and 10/7 weekly 24.5 calls are the most active options, with total volume in those strikes near 11,700 contracts. The Put/Call Ratio is 0.13. Earnings are expected on November 3rd.

COTYCoty

$24.01

-0.75 (-3.03%)

10/03/16

10/03/16UPGRADE

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Dow Chemical (DOW) and DuPont (DD) were upgraded to Buy from Neutral at Citi with analyst P.J. Juvekar citing he opportunity presented by the proposed merger. 2. Freeport McMoRan (FCX), Barrick Gold (ABX), and Pan American Silver (PAAS) were upgraded to Buy from Hold at Deutsche Bank. 3. LogMeln (LOGM) upgraded to Overweight from Equal Weight at Barclays with analyst Raimo Lenschow saying the pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." 4. Halliburton (HAL) upgraded to Buy from Hold at Societe General. 5. Coty (COTY) upgraded to Buy from Neutral at BofA/Merrill with analyst Olivia Tong saying she believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

Piper Jaffray analyst Stephanie Wissink noted that the Chinese Ministry of Finance has reduced or eliminated the consumption tax on all cosmetic products as of October 1 to stimulate demand and growth, which she views as a modest positive for Estee Lauder (EL), Avon Products (AVP) and Coty (COTY). Of the three, Estee Lauder has the highest exposure to China, which makes up about 10% of its annual revenues, Wissink added.

10/03/16

BOFA

10/03/16UPGRADETarget $28BOFABuy

Coty upgraded to Buy from Neutral at BofA/Merrill

BofA/Merrill analyst Olivia Tong upgraded Coty to Buy with a $28 price target citing valuation. The analyst believes Coty is at the beginning of a potential transformation with the pending closure of the P&G Beauty deal this week that could bring increased scale as well as a more targeted operational structure.

09/29/16

RILY

09/29/16UPGRADETarget $23.25RILYNeutral

Coty upgraded to Neutral from Sell at B. Riley

B. Riley analyst Linda Bolton Weiser upgraded Coty to Neutral and raised her price target for the shares to $23.25 from $21.50. The stock is closer to fair value following the 20% pullback, Weiser tells investors in a research note.